Deichmann: UK sales step up to new record as loss slashed September 23, 2024 Sales at shoe retailer Deichmann have stepped up to a new record level as its pre-tax loss was slashed by more than 50 per cent during its latest financial year. The Leicestershire-headquartered UK arm of the German group has reported a turnover of £139.1m for 2023, up from the £121.7m in 2022. According to newly-filed [...]
UK economy: Growth continues but budget concerns ‘jangling nerves’ September 23, 2024 PMIs, which measure business activity in the private sector, are closely watched for clues about the economy’s performance.
Oliver Bonas creates hundreds of jobs as new stores help sales surge September 23, 2024 Oliver Bonas created almost 200 jobs as the opening of new stores helped its sales jump by over £20m during its latest financial year. The Chessington-headquartered company has reported a turnover of £135.7m for 2023, up from the £115m it achieved in 2022. Newly-filed accounts with Companies House also show its headcount increased from 1,357 [...]
Mark Zuckerberg-backed Yoto almost doubles sales as loss cut September 23, 2024 Turnover at kids audio platform Yoto, which is backed by Mark Zuckerberg and his wife, almost doubled during its latest financial year as its pre-tax loss was cut, it has been revealed. The business, which is the creator of the Yoto Player and Yoto Mini for children, has posted a turnover of £50.9m for 2023, up from [...]
HSBC to sell German private banking arm to BNP Paribas September 23, 2024 BNP Paribas has struck a deal to acquire HSBC's German private banking arm as the French lender looks to expand in wealth management and the London-based giant continues its pivot to Asian markets.
Argos: ‘Tough trading conditions’ fail to stop sales and profit rise September 23, 2024 “Tough trading conditions” failed to stop Argos increasing its sales and profit during its latest financial year, it has been revealed. The retailer, which is owned by supermarket giant Sainsbury’s, has reported a revenue of £4.22bn for the 12 months to 2 March, 2024, up from the £4.15bn it posted for the prior year. Newly-filed [...]
Galliford Try nets £400m contract to deliver Wessex Water investment plan September 23, 2024 The UK construction group's environment arm will manage Wessex Water's capital delivery framework, which is valued at £3.7bn.
Hugo Boss: Profit slashed in ‘year of investment’ as sales dip from record high September 23, 2024 Profit at the UK arm of Hugo Boss was slashed by almost 50 per cent in a “year of investment” as its sales fell back from a record high, it has been revealed. The London-headquartered arm has reported a pre-tax profit of £16.8m for 2023, according to newly-filed accounts with Companies House, down from £30.4m [...]
Real Estate Investors: Property downturn ‘at or near the bottom’ September 23, 2024 "A normalising market backdrop will contribute to more rapid sales and debt repayment, allowing us to execute our strategy and return capital to shareholders, whilst continuing to pay a covered dividend," he said.
Chip maker Alphawave’s profit slumps as spending surges September 23, 2024 Shares in Alphawave Semi nosedived 37 per cent after the semiconductor company reported a drop in revenue and profit for the six months to 30 June amid higher spending. The London-listed company said revenue plunged 51 per cent to $91m (£68.3m) in the first half of the year, which it blamed on a change in [...]